70 E Washington AveMcAlesterOK74501
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in McAlester at 70 E Washington Ave, McAlester, OK, 74501 priced at $110,000 converts $870/mo rent into $168/mo cash flow after a $538/mo obligation. Total monthly income equals $870/mo, and annual cash flow totals $2,015/yr on $36,465 invested. Return on cash invested prints 25.43% in year one, and rental yield reads 9.49% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 132.72% and total cumulative return in cash sums $48,396. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $870/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1913
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74501, Mcalester, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,660 (100%) |
| Owner Occupied HU | 7,902 (57.8%) |
| Renter Occupied HU | 3,698 (27.1%) |
| Vacant Housing Units | 2,060 (15.1%) |
| Median Home Value | $174,645 |
| Average Home Value | $218,130 |
Housing Distribution
Address Breakdown
Residential
11,670
Single Family
11,093
Multi-Family
577
Businesses
1,061
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Listed by: Anita Rodgers • C21/Shirley Donaldson Eufaula
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2530098
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.